MAS Holdings Expands in India: New Apparel Hub in Odisha

The recent announcement by Sri Lanka’s MAS Holdings to establish a new facility in Odisha marks a significant milestone in the company’s expansion strategy within India. This initiative is expected to not only bolster MAS’ existing operations but also enhance regional collaborations that are vital for growth and business opportunities.

Strategic Expansion in Odisha

MAS Holdings plans to transform a 60-acre site in Odisha into a comprehensive apparel hub. This ambitious project will involve collaboration with strategic partners to strengthen its presence in the Indian market. According to MAS India CEO Malik Ahamadeen, the company is enthusiastic about this development, stating, “MAS is excited to take this important step in creating a strong apparel ecosystem in the region.” This expansion is backed by MAS’s extensive experience in managing holistic apparel industrial zones in Sri Lanka, which positions the company well to integrate key partners along the apparel supply chain.

Employment and Economic Impact

With operations spanning across 14 countries and a workforce of approximately 100,000, MAS Holdings is a significant player in the global apparel industry. The establishment of the new facility in Odisha is expected to create numerous job opportunities, contributing to the local economy. The company’s diverse portfolio now includes not only traditional apparel but also innovative sectors such as wearable technology, FemTech, logistics, and fabric parks, alongside its well-known lingerie, sportswear, and swimwear lines.

Vision for the Future

Suren Fernando, the Group CEO of MAS Holdings, emphasized the importance of this investment, stating, “This investment marks a significant milestone in MAS’ journey, and we are excited to leverage the vast business opportunities the venture presents.” He highlighted that India has been an integral part of MAS’s operations for 25 years, and the company recognizes the immense potential of the country’s manufacturing landscape. This potential is not only crucial for the global supply chain but also for the rapidly growing domestic retail sector.

Production Capacity Expansion

MAS Holdings has set ambitious goals for its production capabilities in India, with plans to double its capacity by 2024. This strategic move is aimed at meeting the increasing demand for high-quality apparel both domestically and internationally. The company’s commitment to enhancing its production capabilities underscores its dedication to maintaining a competitive edge in the dynamic apparel market.

Conclusion

The establishment of the new apparel hub in Odisha by MAS Holdings is a testament to the company’s commitment to growth and innovation in the apparel industry. By fostering regional collaborations and leveraging its extensive experience, MAS is poised to make a significant impact in India’s manufacturing landscape. As the company continues to expand its operations, it remains focused on creating a sustainable and robust apparel ecosystem that benefits both the local economy and the global supply chain.

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